Gold prices recovered by Rs50 to Rs26,550 per 10 grams at the bullion market today, snapping its three-dayfalling streak, on emergence of buying by jewellers and retailers at prevailing levels. Silver also advanced by Rs200 to Rs36,200 per kg on pick up in demand from industrial units.
Bullion traders said revival of buying by jewellers and retailers at existing levels, helped gold to regain its glitter. In the national capital, gold of 99.9 and 99.5 per cent purity went up by Rs50 each to Rs26,550 and Rs26,400 per ten grams respectively.The precious metal had lost Rs450 in the previous three sessions. Sovereign, however, remained steady at Rs 23,300 per piece of eight gram in limited deals.